Jamie Dimon said the next chapter of his career after serving as CEO of JPMorgan Chase & Co (NYSE:JPM) could include writing books, teaching, and public policy, but ruled out any possibility of a future in politics.
In an interview with Axios aired on Saturday, Dimon, who has led JPMorgan since 2006, said he still loves leading the firm but has begun thinking about what comes after the CEO role.
Books, Teaching And Public Policy
Dimon said he may write a book on management and another on the 2008 financial crisis, saying many aspects of the financial meltdown remain misunderstood.
He also said he may teach because of his interest in leadership and sharing lessons from decades of running one of the world’s largest banks.
Another possibility is a media-related venture focused on public policy, Dimon said, recalling that he had once considered backing Axios before deciding it would inappropriate for JPMorgan to have a relationship with the news outlet.
Dimon has long been one of Wall Street’s most influential voices on the economy through his annual shareholder letters, which regularly address issues ranging from geopolitics and fiscal policy to artificial intelligence.
Dimon Rules Out A White House Run
Dimon ruled out a future presidential run, saying he has been asked about entering politics but does not believe it is the right fit.
He said he can have a greater impact from his current platform, adding that running for president would require giving up work he enjoys for something “quixotic.”
“I’m a banker, I’m a New Yorker. I’m 70 years old. I’ve had a couple of health problems. It’s just probably not me, plus I love what I do,” Dimon said.
Succession Plan Takes Shape
Last month, JPMorgan named Doug Petno and Troy Rohrbaugh as co-presidents, a move widely viewed as part of the bank’s long-term succession planning.
Reuters reported that Dimon is expected to remain CEO for at least another three years, though he told Axios the timing of his eventual transition remains a decision for JPMorgan’s board.
He will remain the bank’s executive chairman after he steps down as CEO.
In recent years, Dimon has spearheaded initiatives at JPMorgan such as a $1.5 trillion investment plan to bolster U.S. competitiveness and national security, as well as the “American Dream Initiative.”
Benzinga edge rankings indicate JPM has a Momentum score in the 53rd percentile and a Growth score in the 75th percentile.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: FotoField from Shutetrstock
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